Ravi Karandeekar's Pune Real Estate Market News Blog: 2 bhk flat

Showing posts with label 2 bhk flat. Show all posts

Monday, September 20, 2010

Visit to Aishwaryam Courtyard, 1 BHK, 2 BHK & 3 BHK Flats near Sane Chowk Pradhikaran on Akurdi Chikhali Road PCMC

"Itne Paise Me Itna Hi Milega"

Bai and Bhai on Channel V

Recently, i have started feeling that builders in Pune are trying to teach a lesson to Pune property buyers. Pay for not booking and stalling Pune real estate market for over an year! To teach the lesson, Builders in Pune have changed their "Avtar" and are using a new deadly weapon called "Affordable Home".

Smarter and richer with the experience and exploits of Pune real estate boom, Pune builders have given up the image of a "Bhai". Now, they have become a "Bai". Only to convince you that, now,"Itne Paise Me Itna Hi Milega!"; you will get only this much carpet area for so much property price.

Means, you have to compensate our loss in profit by accepting smaller carpet area at a higher property price. Thanks to The Times of India, for sugar coating this vengeance by publishing the stories quoting Mr. Shashank Paranjape of Paranjape Schemes (Construction) Ltd., "the size of the units is what is restricting the overall price"!

Property Rate Rs. 4,000 per sq.ft. for the Carpet Area! Is this an affordable home?

To visit Aishwaryam Courtyard, i got down at Krishna Nagar in Pradhikaran. At the Spine Road, i couldn't resist asking the shopkeeper, "What is this? Is this a road?" Walking on the narrow road, which had an open drainage on one side, when i reached Sane Chowk, i realized that, now, i am in one of the fringe villages of Pune - i mean of PCMC. "Not more than a kilometer!," someone told me when i asked about Aishwaryam Courtyard.

View Aishwaryam Courtyard, 1 BHK, 2 BHK, 3 BHK Flats, near Pradhikaran, on Akurdi Chikhali Road PCMC in a larger map

In the morning, i had attended the launch of Blue Bells, opposite Pu La Deshpande Udyan on Sinhagad Road which is considered as one of the prime residential areas in that part of Pune. At Blue Bells, Navjeevan Properties was offering "Affordable" 2 BHK Flats, which had carpet areas of only 613 to 615 sq.ft. And the property rate per square ft of carpet area was approximately Rs. 10,000. What would be the rate of one sq.ft. carpet area at Aishwaryam Courtyard? I was wondering.

How much lesser would it be than the recently launched Westside County? In the not so popular but conveniently located and developed location of Pimple Gurav, Darode Jog Properties were offering a 2 BHK Flat of 634 sq.ft. carpet area. And the property rate for one square ft of carpet area was approximately Rs. 5,600. What would be the price of one sq.ft. carpet area at Aishwaryam Courtyard? I was wondering.

How much lesser would it be than Vastushodh's upcoming project in a fringe village on the extended Karve Road in Pune, which has good public transport, water, essential shopping, schools and medical facilities? Yes, i was trying to compare it with "Vastushodh's 2 BHK Flat for Rs. 20 Lakhs." Which is located in Kondhawe Dhawade Pune 411 023, popular and populated residential area in educated, lower income group of Marathi Punekars. Just like Sinhgad Road in 90s!

Here at Kondhawe Dhawade Pune 411 023, near National Defense Academy (NDA) Khadakwasla, Sachin Kulkarni, my dear friend and M.D. of Vastushodh, is offering a 2 BHK Flat of 629 sq.ft. carpet area. And the property rate for one square foot of carpet area is approximately Rs. 3,100. What would be the price of one sq.ft. carpet area at Aishwaryam Courtyard, which is not considered as a residential area, doesn't have public transport, water or any type of basic facilities and services? I was wondering.

On every hoarding and in the press ad of Aishwaryam Courtyard, i have read - "1 BHK Flat Rs. 14.11 Lacs Onwards - 2 BHK Flat Rs. 19.97 Lacs Onwards." I have also read the small print - "Other Charges Extra. Limited Period Offer."

For more than a decade, i have worked in real estate advertising in Pune, so i know how misleading real estate ads are. Because of that, when i see the ad "Best Floor Plan in Pune", i understand that something is not right about the planning of this project! Oh! Forget about the "Best", I can see that, this project doesn't have 2 staircases as per the current Fire Safety Norms in PCMC! Same way, i was sure that the actual property price of a 1 BHK Flat and a 2 BHK Flat in Aishwaryam Courtyard would be much more.

When i reached the site of Aishwaryam Courtyard, i was disappointed when not a real estate salesperson but a college-going kid, a volunteer working on daily wages in his free time, welcomed me.

Second disappointment was when i saw that the builder hasn't given the carpet area of a flat. He has given a "total of carpet areas" - of flat and terrace! For example see these total carpet areas of the 2 BHK Flats and see the sizes of the terraces:
1) Total Carpet Area of Flat no F 305 is - 713 sq.ft. - which has 2 terraces - 1) 7'6"x6'9" + 2) 7'6"x10'
2) Total Carpet Area of Flat no F 205 is - 697 sq.ft. - which has 2 terraces - 1) 7'6"x6'9" + 2) 5'9"x10'
3) Total Carpet Area of Flat no H 201 is - 640 sq.ft. - which has 1 terrace - 1) 7'6"x8'
4) Total Carpet Area of Flat no H 101 is - 683 sq.ft. - which has 1 terrace - 1) 10'3"x7'6"
Which means that approximate carpet area of these 2 BHK Flats is 580 sq.ft. Right?
But the builder hasn't declared the carpet area of the flat. May be, he was feeling shy to ask Rs. 4,000 for the one square ft carpet area! Or, may be, he was not confident about his offer - Pay Rs. 4,000 for one square ft of carpet area in my affordable housing!

I felt very sorry for this builder. What is the point in hiding the actual carpet area of a flat (and per sq.ft. property rate for it,) which, anyway, he has to declare in the agreement!

Third disappointment was Rs. 50 per sq.ft. extra for the "Premium Facing Flats"! Fourth was - Rs. 50 per sq.ft. extra for the flats on the 1st, 2nd and 3rd Floors!

"It means that at Aishwaryam Courtyard for a garden facing 2 BHK Flat on the 2nd floor, I have to pay the property rate of 2399 + 50 + 50 = Rs. 2499!," I said.

"Yes! 2399 + 50 + 50 = Rs. 2499!!," the volunteer repeated the property price as if he was mocking me!

To ridicule me more, pointing at the stout young man on the next table, he asked, "Would you like to meet the builder?"

"No!," I said. Because, I knew what the builder will say - "Itne Paise Me Itna Hi Milega". Right?

Property Prices at Aishwaryam Courtyard:

Photo-walk on Akurdi Chikhali Road and at Chikhali village:

Aishwaryam Courtyard - All over Pimpri Chinchwad

Aishwaryam Courtyard Akurdi Chikhali Road Near Pradhikaran Sane Chowk Pimpri Chinchwad Municipal Corporation (PCMC) PuneIMG_2926

BRTA Road at Akurdi - Aishwaryam Courtyard Akurdi Chikhali Road Near Pradhikaran Sane Chowk Pimpri Chinchwad Municipal Corporation (PCMC)

Aishwaryam Courtyard Akurdi Chikhali Road Near Pradhikaran Sane Chowk Pimpri Chinchwad Municipal Corporation (PCMC) PuneIMG_2922

Akurdi Chowk - Hoarding of Aishwaryam Courtyard Akurdi Chikhali Road Near Pradhikaran Sane Chowk

Neighborhood of Aishwaryam Courtyard 1 BHK 2 BHK 3 BHK Flats on Akurdi Chikhali Road 2

Neighborhood of Aishwaryam Courtyard 1 BHK 2 BHK 3 BHK Flats on Akurdi Chikhali Road

Aishwaryam Courtyard 1 BHK 2 BHK 3 BHK Flats on Akurdi Chikhali Road

Display boards at Aishwaryam Courtyard 1 BHK 2 BHK 3 BHK Flats on Akurdi Chikhali Road

Layout plan of Aishwaryam Courtyard 1 BHK 2 BHK 3 BHK Flats on Akurdi Chikhali Road

Layout plan of Aishwaryam Courtyard 1 BHK 2 BHK 3 BHK Flats on 100 ft Akurdi Chikhali Road

Site of Aishwaryam Courtyard 1 BHK 2 BHK 3 BHK Flats on Akurdi Chikhali Road

Neighborhood of Aishwaryam Courtyard 1 BHK 2 BHK 3 BHK Flats on Akurdi Chikhali Road

Offices of Aappa Bhanse Land Developers - Neighborhood of Aishwaryam Courtyard

Ashirwad Heritage opposite Aishwaryam Courtyard 1 BHK 2 BHK 3 BHK Flats on Akurdi Chikhali Road

Ashirwad Heritage (www.ashirwadhomes.com), opposite Aishwaryam Courtyard 1 BHK 2 BHK 3 BHK Flats on Akurdi Chikhali Road

Proposed 100 ft Akurdi Chikhali Road at Aishwaryam Courtyard

An evening in Chikhali Village

Ganpati Visarjan at Chikhali Village - two types of girls in one village

Ganpati Visarjan at the Town Square of Chikhali Village

Ganpati Visarjan at Chikhali Village

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Tuesday, May 18, 2010

Anandgram Yavat, 10 acre Township of 2 BHK Flat for 7.6 lakhs & 1 BHK for 5.5, news

"Yes, I can own a home!"

Anandgram Yavat

This weekend i visited Anandgram Yavat. My dear friend Sachin Kulkarni, M. D. of Vastushodh Projects, is developing this 10 acre township, Anandgram, at Yavat on Pune Solapur Highway, 35 Klms from Magarpatta City, Hadapsar, Pune.

Besides it's my friend's project, Anandgram is very dear to me. Because Anandgram is developed for those whose monthly income is around 10,000 rupees. Anandgram offers a 1 BHK Flat - 417 sq.ft. slaeable - for Rs. 5.5 lakhs and a 2 BHK Flat - 576 sq.ft. saleable - for 7.6 lakhs. These are the maximum property prices for the flats on the ground floors. If you prefer 3rd floor, you can get a 2 BHK Flat for Rs. 6.4 lakhs and a 1 BHK Flat for 4.6 lakhs (approx)!

Lunch ad of Anandgram Yavat

Anandagram has tied up with Micro Housing Finance Corporation to provide them home loans. So, you only need an income - not an income proof - salary certificate, income tax returns or even a bank account - many in this income group don't have these papers - to get a home loan to buy a flat in Anandgram Yavat.

Creating possibility to own a home for this income group, i find, quite a fascinating idea. Fact that, my friend, Sachin Kulkarni, is making it possible, makes me very proud - of myself!

"Yes! I can invest in real estate!!"

This weekend's visit to Anandgram Yavat made me more proud. I was visiting Anandgram for the third time. Last visit was, when Anandgram Yavat was launched. You know? When i visited for the first time, at that point of time, it was just a plot of land, which i visited with Sachin Kulkarni. Only, because, i enjoy going on a long drive in his Mercedes! But, this weekend, i visited Anandgram with Sachin, because, i was curious to see the on going construction of all 17 buildings of 670 flats in Anandgram Yavat.

Sachin Kulkarni & Akil Khan

Launch of Anandgram Yavat

Building A2 in Anandgram Yavat

Sachin Kulkarni and Akil Khan

When i saw that the construction of Anandgram Yavat is going on in full swing, i felt more proud of me, for being a part of my friend's dream. When we, Sachin, Akil Khan and I, were standing on the slab of the building, looking at ongoing casting, Akil Khan, who looks after land purchasing, said, "Who has thought that this will really happen?" All three of us pointed fingers at each others! Oh! This is not done!! We realized. And both of us, - Akil and I - pointed fingers at Sachin Kulkarni, the builder!

"We are professional. We are going to keep on developing ideas. Real credit goes to those who believed in this idea and paid their hard earned money, on time, to make it possible! They - those who booked flats - were sure that this will happen!," Sachin Kulkarni said seriously.

Realizing that my friend is not in a 'thanks giving' but in the analytical mood, I started seriously listening to Sachin Kulkarni, M. D. of Vastushodh Projects Pvt. Ltd. Sachin was talking about the bookings.

At Anandgram local residents of Yavat (and nearby towns), end-users from Pune and real estate investors (from all over) have booked nearly the same number of flats - 125 + flats per type. It means, Anandgram Yavat has not only created an opportunity to own a home but Anandgram Yavat has created an opportunity for those who were never able to investing in real estate. Earning rental income - property appreciation were not their cup of tea - privilege. Now, Sachin said, because of the small ticket size, Rs. 3 to 7 lakhs, they can invest in real estate and prosper!

Sachin Kulkarni and the property buyers at Anandgram Yavat

Swatimam and the property buyers at Anandgram Yavat

Property buyers at the booking office of Anandgram Yavat

2 BHK Flat for 20 Lakhs!

"Sachinsaheb, Vastushodh creates possibilities and solutions! Right?," I asked.

"Yes, that could be a good tag line," Sachin said.

"Is it possible to create a solution for the young, first time home owner, to buy a flat in his limited budget, in the fringe village of Pune? Very few can afford a 2 BHK for 35 lakhs in Wakad, 2 BHK for 35 or even for 24 - 26 lakhs at Amit' Astonia Royal or Viva Sarovar in Ambegoan. And 1 bhk for 19 - 22 lakhs in Nanded City Pune is not enough!," i said.

"What should be the solution? 2 bhk flat for 20 lakhs?," Sachin asked me.

"It will rock! 2 for 20!," i said. What say you? Have a look at these photos, i shot at Anandgram Yavat and keep in touch to know more about Vastushodh Project's upcoming real estate solutions!